China: Toyota sees September sales up, Honda down image

Here’s an interesting scenario for last month’s sales figures of two global manufacturers. Japan’s Toyota and Honda had entirely opposite results.

Toyota Motor Corp and the two Chinese joint ventures it operates had sales of around 91, 100 cars last month in the world’s largest single auto market. The Japanese automaker said September sales were up 26.1% year-over-year, following August’s 8.9% rise and a surprising 1.1% dip in July.

Japan’s largest automaker and the biggest in the world had nine-month sales of around 710,300 autos in China, an increase of 11.5% over 2013’s figure. A Beijing-based company spokesman, Takanori Yokoi, said Toyota is on track to achieve its 2014 goal of selling more than 1.1 million vehicles for the first time – a goal originally set for 2010.

On the other hand, Honda and its two Chinese joint ventures saw a decline in deliveries for the third consecutive month – with sales falling 23.1% as buyers wait for new model introductions coming later this year from the Japanese brand.

China sales in September reached 56,880 units, according to Honda, as dealers were busy axing inventories to make room for the upcoming new models – the Vezel and the Spirior – in November and the XR-V later on. Nine-month sales total reached 502,352 cars, up 1% from 2013.

Via Reuters